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Entrepreneurship Question Paper

Entrepreneurship

Course:Diploma In Business Management

Institution: Mount Kenya University question papers

Exam Year:2012

MOUNT KENYA UNIVERSITY
UNIVERSITY EXAMINATION 2011/2012
SCHOOL OF BUSINESS AND PUBLIC MANAGEMENT
DEPARTMENT OF MANAGEMENT
UNIT CODE: UCU 005
UNIT TITLE : ENTREPRENEURSHIP
DATE: MARCH 2012 MAIN EXAM TIME: 2HRS
INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS
1. QUESTION ONE
a. Define the term entrepreneurship(2Marks)
b. briefly discuss the economic role of entrepreneurship in national development(10Marks)
c. briefly discuss the sources of new business ideas(6Marks)
d. explain the stages of business development(6Marks)
e. briefly highlight the disadvantages of a family business(6Marks)

2. QUESTION TWO
a) distinguish the difference between entrepreneurs and managers(8Marks)
b) discuss the areas that need to be address as far as legal issues when setting up a business are concerned distinguish the difference between entrepreneurs and managers(12Marks)

3. QUESTION THREE
a) discuss the significance of developing a business plan
b) describe the sources of business finance

4. QUESTION FOUR
a) state the advantages of self employment (5marks)
b) explain the different types of partners in partnership form of business(5marks)
c) explain the challenge faced by small businesses(10marks)

5. QUESTION FIVE
a) explain the various components of a business plan(10marks)
b) discuss the advantages of components(10marks)

Entrepreneurship Question Paper

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